FxWirePro: Kiwi falls against major peers on the back of lower than expected CPI data

• AUD/NZD is currently trading around 1.0701 marks.
   
• Pair made intraday high at 1.0729 and low at 1.0636 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 1.0630 marks.  
   
• A daily close below 1.0630 will take the parity down towards key supports around 1.0525, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
   
• On the other side, a sustained close above 1.0653 will drag the parity higher towards key resistances at 1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
   
• New Zealand Q2 consumer price index 0.0 pct vs previous qtr (poll +0.2 pct).
   
• New Zealand Q2 consumer price index +1.7 pct vs year ago (poll +1.9 pct).
   
• Australia's S&P/ASX 200 index down 0.12 pct at 5,748.60 points in early trade.

 

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest